This property looks like a bad Mid-Term investment with a projected -2.03% first-year return on $119k initial cash invested.
-2.03%
Cash On Cash
6.38%
Cap Rate
1.01
DSCR
$5,792
Rent
-$201
Cashflow
Cash Flow
$5,792 income − $5,993 expenses = $201 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,080
Closing costs
1%
$4,804
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,792
Total Expenses
$5,993
Mortgage P&I
44%
$2,524
Property Taxes
8%
$476
Home Insurance
4%
$209
HOA
14%
$814
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637